Iain Murray at Tech Central Station writes that the EU is going to have a lot of trouble meeting its obligations under the Kyoto Protocol, and this could have disastrous economic effects. He writes of recent statements from Spanish officials:

This is a clear indication that at least one government has realized that Kyoto brings a severe economic cost with it, contrary to the protestations of the European Commission and Kyoto boosters around the world.

Murray concludes, “The reality, then, is that Kyoto is doomed and it is its greatest champion, the European Union, which is destined to reveal this to the world.”